VW will Invest $7.7 Billion in Spanish EVs

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VW Wants to Build a Battery Plant in Spain near Valencia!

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Podcast– Volkswagen Invests 7.7 Billion Dollars in Spanish Electric Vehicles

Volkswagen AG stated that it will invest more than 7 billion euros ($ 7.7 billion) in Spain to establish an electric-car supply chain, consisting of a battery center and a range of providers.

According to the business, which owns the Seat brand name, it intends to develop an e-mobility center in Spain, led by a battery plant in Valencia, and customize its regional carmaking centers in Martorell and Pamplona to start producing electrical cars The battery center will have a 40- gigawatt-hour capability and start production in 2026.

Volkswagen, which had actually mentioned formerly that it was all set to note its battery company, intends to invest approximately 52 billion euros in the advancement and production of brand-new electrical cars within the next 5 years, the market’s biggest push. Valencia will be Volkswagen’s very first battery center beyond Germany, and its 2nd general, as part of a European-wide aspiration to construct 6 factories.

Valencia’s battery plant will use 3,000 individuals, and VW intends to re-train a few of the city’s carmakers since electrical cars take less time to assemble.

The VW Polo, T-Cross, and Tiago designs are currently produced in the business’s Pamplona plant, which utilizes 4,600 employees and produced over 220,000 cars in 2015. With a personnel of 11,000 workers, Martorell, 30 kilometers (19 miles) beyond Barcelona, produces approximately 500,000 Seat-branded autos each year.

VW likewise exposed previously today that it had actually struck arrangements with 2 Chinese organizations to establish joint endeavors for the production and improvement of nickel and cobalt, 2 crucial basic materials utilized in battery production.

To be competitive in the brand-new electrical world, we now need to raise performance in our Spanish cars and truck production.

declaration by Thomas Schmall, VW’s Head of Development and Leader of the Seat Brand.

The Wheel Network|Volkswagen Polo Production at the Pamplona Plant, Spain

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